Indy Lender Makes International AcquisitionPosted: Updated:
Indianapolis-based Equities First Holdings says it has acquired a United Kingdom company. President Al Christy says the deal for Meridian Equity Partners Limited is "transformational" and brings the Indiana company's services to a "new global level."
September 23, 2014
London and Indianapolis, Ind. -- Equities First Holdings (EFH) is pleased to announce that the firm has acquired Meridian Equity Partners Limited in the United Kingdom (FCA no. 605564). Its operations will continue under the name Equities First (London) Limited.
Equities First Holdings LLC is a global leader in shareholder finance with offices in London, Indianapolis, Hong Kong, Singapore, Bangkok, Sydney and Perth.
"Today's acquisition is transformational for our company and brings our services and brand to a new, global level. With seven offices to serve clients in Europe, Asia, Australia and the U.S., we are able to offer liquidity at attractive levels against publicly traded shares to individual investors, businesses, and executives of public companies around the world," said Al Christy, Jr., President and Founder of EFH.
EFH, established in 2002, has experienced yearly growth of over 30% in its closed loan transactions over the past 3 years, and 2014 will continue this record setting pace. The firm’s total global workforce has increased by more than 50% since 2012. The Equities First transaction is non-recourse and the borrower retains all of the upside market appreciation of the shares.
"This has been a year of consolidation and expansion for EFH," continued Christy. "We have expanded our team to provide excellent liquidity opportunities, coupled with best in class client service. We continue to invest in our own operations as the firm experiences ongoing rapid expansion. We feel that the teams in London, Asia and Australia include some of the best people in the business, and adhere to our company principles of providing the best possible service to our clients."
The firm has a roster of longtime strategic partners that include the world's largest custodian banks, leading investment banks, and top law firms in the international and local jurisdictions.
About Equities First Holdings
Headquartered in Indianapolis, Indiana, Equities First Holdings is a full-service, private, nonpurpose lender that specializes in securities based lending transactions to investors in need of prompt funding. Through EFH's straightforward process, clients are able to gain fast access to liquidity at below-market rates by using publicly traded shares as collateral. Since its inception in 2002, EFH has completed nearly seven hundred transactions for clients ranging from global companies to ultra and high-net-worth individuals. To learn more, please visit www.equitiesfirst.com.
Source: Equities First Holdings